SAMPLE SAMPLE PARTNER 1000 UNITS 333 SOUTH GRAND AVE 28TH FLOOR LOS ANGELES, CA To Oaktree Capital Group, LLC Unitholders:

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1 SMPLE PRTNER 1 UNITS 333 SOUTH GRND VE 28TH FLOOR LOS NGELES, 971 To Oaktree apital Group, LL Unitholders: Enclosed is your 214 Tax Package, which contains your Schedule K-1 and certain information relating to your ownership of Oaktree apital Group, LL (NYSE: OK) units. s a unitholder, you are required to report this activity on your federal and state income tax returns. In the Tax Package, we are providing the following documents to you: 1. Schedule K-1 (Form 165) Supplemental Information (contains details about the amounts reported on Schedule K-1) Ownership Schedule Sales Schedule (if applicable) Schedule K-1 Tax Information, including Frequently sked Questions and nswers 6. Partner s Instructions for Schedule K-1 (Form 165) Please carefully review the information on your 214 Ownership Schedule. This schedule contains the history of units you bought or sold by date and number of units as reported by your broker or our transfer agent through December 31, 214. We rely on purchase and sale information obtained from the brokers and transfer agent to prepare the tax information reported to you. If the information provided by the brokers and transfer agent is incorrect, then the information reported to you, as well as the information reported to the Internal Revenue Service, will also be incorrect. If the information is inaccurate, please contact Tax Package Support as indicated below to correct such information, and we will issue you a corrected package. This package is intended to be a general guide to reporting your share of our taxable income and any gain or loss from the sale of our units based on our understanding of existing tax laws and regulations. It is not intended to provide tax advice. Therefore, before you prepare and file your income tax return, you are urged to consult your tax advisor. SMPLE If you have any questions concerning your Schedule K-1 or this package, please contact Tax Package Support at (866) during the hours of 8: a.m. to 5: p.m., Monday thru Friday, entral Time, or visit our website at Oaktree apital Group, LL

2 Schedule K-1 (Form 165) 214 Department of the Treasury Internal Revenue Service For calendar year 214, or tax year beginning, 214 ending, 2 Partner s Share of Income, Deductions, redits, etc. See back of form and separate instructions. B D E F G Part I Information bout the Partnership Partnership s employer identification number Partnership s name, address, city, state, and ZIP code OKTREE PITL GROUP, LL 333 SOUTH GRND VE 28TH FLOOR LOS NGELES, 971 IRS enter where partnership filed return OGDEN heck if this is a publicly traded partnership (PTP) Part II Information bout the Partner Partner s identifying number Partner s name, address, city, state, and ZIP code SMPLE PRTNER 1 UNITS 333 SOUTH GRND VE 28TH FLOOR LOS NGELES, 971 General partner or LL member-manager Limited partner or other LL member H Domestic partner Foreign partner I1 I2 J K L What type of entity is this partner? If this partner is a retirement plan (IR/SEP/Keogh/etc.), check here Partner s share of profit, loss, and capital (see instructions): Beginning Ending Profit % % Loss.26 %.2285 % apital % % Partner s share of liabilities at year end: Nonrecourse $ Qualified nonrecourse financing. $ Recourse $ Partner s capital account analysis: Beginning capital account... $ 54,951 apital contributed during the year $ urrent year increase (decrease). $ 1,938 Withdrawals & distributions.. $ ( 3,15 ) Ending capital account.... $ Tax basis GP Section 74(b) book Other (explain) Individual Part III Final K-1 mended K-1 SMPLE , OMB No Partner s Share of urrent Year Income, Deductions, redits, and Other Items 1 Ordinary business income (loss) 2 Net rental real estate income (loss) 3 Other net rental income (loss) 4 Guaranteed payments 5 Interest income 6a 6b Ordinary dividends Qualified dividends 7 Royalties 8 Net short-term capital gain (loss) 9a 9b 9c Net long-term capital gain (loss) ollectibles (28%) gain (loss) Unrecaptured section 125 gain 1 Net section 1231 gain (loss) 11 Other income (loss) F 12 Section 179 deduction 13 Other deductions K 14 Self-employment earnings (loss) 15 redits 16 Foreign transactions 17 lternative minimum tax (MT) items 18 Tax-exempt income and nondeductible expenses 19 Distributions 2 Other information *See attached statement for additional information. For IRS Use Only B D* E* I * B VRIOUS 2, STMT 3,15 1,327 9 M Did the partner contribute property with a built-in gain or loss? Yes No If Yes, attach statement (see instructions) For Paperwork Reduction ct Notice, see Instructions for Form 165. IRS.gov/form165 at. No R Schedule K-1 (Form 165) 214

3 Schedule K-1 (Form 165) 214 Page 2 This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 14. For detailed reporting and filing information, see the separate Partner s Instructions for Schedule K-1 and the instructions for your income tax return. 1. Ordinary business income (loss). Determine whether the income (loss) is ode Report on passive or nonpassive and enter on your return as follows. L Empowerment zone Report on employment credit Passive loss M redit for increasing research Passive income Schedule E, line 28, column (g) activities Nonpassive loss Schedule E, line 28, column (h) N redit for employer social Nonpassive income Schedule E, line 28, column (j) security and Medicare taxes 2. Net rental real estate income (loss) O Backup withholding 3. Other net rental income (loss) P Other credits Net income Schedule E, line 28, column (g) Net loss 4. Guaranteed payments Schedule E, line 28, column (j) 5. Interest income Form 14, line 8a 6a. Ordinary dividends Form 14, line 9a 6b. Qualified dividends Form 14, line 9b 7. Royalties Schedule E, line 4 8. Net short-term capital gain (loss) Schedule D, line 5 9a. Net long-term capital gain (loss) Schedule D, line 12 9b. ollectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) 9c. Unrecaptured section 125 gain 1. Net section 1231 gain (loss) 11. Other income (loss) ode Other portfolio income (loss) B Involuntary conversions Sec contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535 E ancellation of debt Form 14, line 21 or Form 982 F Other income (loss) 12. Section 179 deduction 13. Other deductions ash contributions (5%) B ash contributions (3%) Noncash contributions (5%) D Noncash contributions (3%) See the Partner s E apital gain property to a 5% Instructions organization (3%) SMPLE F apital gain property (2%) G ontributions (1%) H Investment interest expense Form 4952, line 1 I Deductions royalty income Schedule E, line 19 J Section 59(e)(2) expenditures K Deductions portfolio (2% floor) Schedule, line 23 L Deductions portfolio (other) Schedule, line 28 M mounts paid for medical insurance Schedule, line 1 or Form 14, line 29 N Educational assistance benefits O Dependent care benefits Form 2441, line 12 P Preproductive period expenses Q ommercial revitalization deduction from rental real estate activities See Form 8582 instructions R Pensions and IRs S Reforestation expense deduction T Domestic production activities information See Form 893 instructions U Qualified production activities income Form 893, line 7b V Employer s Form W-2 wages Form 893, line 17 W Other deductions 14. Self-employment earnings (loss) Note. If you have a section 179 deduction or any partner-level deductions, see the Partner s Instructions before completing Schedule SE. Net earnings (loss) from self-employment Schedule SE, Section or B B Gross farming or fishing income Gross non-farm income 15. redits Low-income housing credit (section 42(j)(5)) from pre-28 buildings B Low-income housing credit (other) from pre-28 buildings Low-income housing credit (section 42(j)(5)) from post-27 buildings D Low-income housing credit (other) from post-27 buildings E Qualified rehabilitation expenditures (rental real estate) F Other rental real estate credits G Other rental credits H Undistributed capital gains credit Form 14, line 73; check box a I Biofuel producer credit J Work opportunity credit See the Partner's Instructions K Disabled access credit 16. Foreign transactions Name of country or U.S. possession B Gross income from all sources Form 1116, Part I Gross income sourced at partner level Foreign gross income sourced at partnership level D Passive category E General category Form 1116, Part I F Other Deductions allocated and apportioned at partner level G Interest expense Form 1116, Part I H Other Form 1116, Part I Deductions allocated and apportioned at partnership level to foreign source income I Passive category J General category Form 1116, Part I K Other Other information L Total foreign taxes paid Form 1116, Part II M Total foreign taxes accrued Form 1116, Part II N Reduction in taxes available for credit Form 1116, line 12 O Foreign trading gross receipts Form 8873 P Extraterritorial income exclusion Form 8873 Q Other foreign transactions 17. lternative minimum tax (MT) items Post-1986 depreciation adjustment B djusted gain or loss See the Partner s Depletion (other than oil & gas) Instructions and D Oil, gas, & geothermal gross income the Instructions for E Oil, gas, & geothermal deductions Form 6251 F Other MT items 18. Tax-exempt income and nondeductible expenses Tax-exempt interest income Form 14, line 8b B Other tax-exempt income Nondeductible expenses 19. Distributions ash and marketable securities B Distribution subject to section 737 Other property 2. Other information Investment income Form 4952, line 4a B Investment expenses Form 4952, line 5 Fuel tax credit information Form 4136 D Qualified rehabilitation expenditures (other than rental real estate) E Basis of energy property F Recapture of low-income housing credit (section 42(j)(5)) Form 8611, line 8 G Recapture of low-income housing credit (other) Form 8611, line 8 H Recapture of investment credit See Form 4255 I Recapture of other credits J Look-back interest completed long-term contracts See Form 8697 K Look-back interest income forecast method See Form 8866 L Dispositions of property with section 179 deductions M Recapture of section 179 deduction N Interest expense for corporate partners O Section 453(l)(3) information P Section 453(c) information Q Section 126(b) information R Interest allocable to production expenditures S F nonqualified withdrawals T Depletion information oil and gas U Reserved V Unrelated business taxable income W Precontribution gain (loss) Section 18(i) information Y Net investment income Z Other information See the Partner s Instructions

4 Partner Name ccount Number SMPLE PRTNER 1 UNITS MN SHEDULE K-1 Supplemental Information Line 5 - Interest income The interest income amount on Line 5 of the Schedule K-1 that represents interest from U.S. sources: 799 Line 6 - Dividend income The dividend income amount on Line 6 of the Schedule K-1 that represents dividends from U.S. sources: Line 16 - Foreign transactions 16D1 - Foreign gross income sourced at partnership level - Passive category - Interest: 16D2 - Foreign gross income sourced at partnership level - Passive category - Dividends: 16E - Foreign gross income sourced at partnership level - General category: 16L - Total foreign taxes paid: The income reported on your Schedule K-1 for this year is portfolio income and should be sourced to your state of residence. For Tax Exempt Taxpayers: bsent your own acquisition indebtedness, none of your Schedule K-1 distributive share items represent Unrelated Business Taxable Income (UBTI) For orporate Taxpayers: The amount of Dividend Income reported on Box 6a that qualifies for the Dividends Received Deduction (DRD) under IR Sec. 243 is: Foreign Information: The partnership owns interests in foreign corporations that are treated as passive foreign investment companies. Income has been included in the taxable income shown on your Schedule K-1 as the partnership has made all applicable QEF elections. Your share of Subpart F Income included in Line 6a is: The partnership did not receive any U.S. effectively connected income for 214. SMPLE Net Investment Income Reporting: Unless otherwise noted, the distributive share of all items included on your Schedule K-1 are components of net investment income as defined in Treas. Reg and may be subject to the net investment income tax pursuant to IR Sec

5 ttachment to Form 165 Schedule K-1 Supplemental Disclosure Form(s) 926 Tax Year Ended December 31, 214 During 214, Oaktree apital Group, LL transferred cash/property to one or more non-u.s. entities treated as corporations for U.S. tax purposes. s a unitholder of Oaktree apital Group, LL, you are treated as having made indirect transfer(s) to these corporations proportionate to your ownership of Oaktree apital Group, LL. In general, U.S. Persons must report those transfers by filing IRS Form 926 with their income tax return for the year in which such transfer(s) occur. Transfers are generally reportable if, as a result of such transfer, the transferor acquires 1 or more of the transferee OR if such amounts equal or exceed $1,. This determination must be made for each transferee corporation. Transfers to separate entities should not be aggregated. separate Form 926 should therefore be filed for each corporation to which you made a transfer. s noted in the Supplemental Disclosure for U.S. Persons above, pre-populated forms are available to view and download from the Tax Information area of Oaktree apital Group, LL s website at If you are required to file one or more Form(s) 926, the information below should be used to prepare those sections of the forms not already populated on your behalf: Transferor: Oaktree apital Group, LL Transferee: Oaktree Holdings, Ltd Part III (c): ash: $ Transferor: Oaktree apital Group, LL Transferee: Oaktree Opps I Holdco Ltd. Part III (c): ash: $ Transferor: Oaktree apital Group, LL Transferee: OM Luxembourg Pegasus Holdings S..R.L. Part III (c): ash: $ Transferor: Oaktree apital Group, LL Transferee: Oaktree Opps I Holdco Ltd. Part III (c): Property: $ Part III (d): Property: $ SMPLE 1 U.S. persons not otherwise required to file a U.S. income tax return must file Form 926 at the address shown on the form's instructions.

6 OKTREE PITL GROUP, LL PRTNER NME: SMPLE PRTNER 1 UNITS OUNT NUMBER: MN FEDERL ID/ENTITY: / Individual USTODIN FEDERL ID: PRTNERSHIP FEDERL ID: Page: 1 of 1 THIS SHEDULE K-1 IS NOT PROOF OF OWNERSHIP This schedule details your history of ownership of Oaktree apital Group, LL units during 214. The enclosed tax package reflects your ownership in units registered with the partnership, and units held in a broker account if such information was provided by the broker on your behalf. If your records do not agree with the transactions shown, the enclosed tax information may be incomplete. TRNSTION BROKER OR UNITS DESRIPTION DTE ERTIFITE NUMBER BUY 12/31/213 BROKER-MN 1,. SMPLE END OF YER UNITS 1,. SEE FQs FOR DDITIONL INFORMTION